Gawker.com, flattened by Hulk Hogan, to shut down – CBS News

A Gawker report said that Nick Denton, Gawker’s founder, told staffers that Gawker.com was ending on Thursday afternoon.

“The near-term plans for Gawker.com’s coverage, as well as the site’s archives, have not yet been finalized,” the report said.

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CBSN

Univision to buy Gawker for $ 135M

The Spanish-language media company Univision has won the bid to buy Gawker for $ 135 million. CBSN’s Elaine Quijano has the latest.

Univision, the Spanish-language broadcaster, is buying Gawker Media for $ 135 million in the aftermath of a $ 140 million judgment against it in the Hulk Hogan invasion-of-privacy case.

A bankruptcy court judge has to approve the sale at a hearing Thursday.

Univision outbid Ziff Davis, the owner of tech and gaming sites, in the auction for Gawker. They were the only two bidders, according to a person familiar with the bankruptcy auction.

Gawker Media’s other blogs include the women-focused Jezebel, tech-oriented Gizmodo and sports site Deadspin.

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CBS This Morning

Gawker files for bankruptcy protection

The fate of the gossip website , “Gawker” is in question after it field for chapter 11 bankruptcy protection. This comes just months after former…

Hogan, a former professional wrestler whose real name is Terry Bollea, sued over a tape posted by Gawker showing him having sex with a friend’s wife.

The Gawker case gained additional notoriety when it was revealed Silicon Valley billionaire Peter Thiel had secretly bankrolled Hogan’s lawsuit​. Thiel was outed as gay by a Gawker-owned website in 2007.

The case gained additional notoriety when it was revealed Silicon Valley billionaire Peter Thiel had secretly bankrolled Hogan’s lawsuit. Thiel was outed as gay by a Gawker-owned website in 2007.

Thiel’s role paying for the litigation against Gawker raised fears about the power of wealthy people to go after publications they dislike. Gawker argued in the Hogan case that it was protected by the First Amendment.